Market Overview:
The global corded electric nutrunners market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The handheld type segment is expected to dominate the market in terms of revenue share during the forecast period, owing to its low cost and easy portability. The automotive application segment is expected to be the fastest-growing application segment during the forecast period, owing to increasing demand for nutrunners in this sector. North America is estimated to account for the largest share of the global corded electric nutrunners market in 2018, followed by Europe and Asia Pacific.
Product Definition:
A corded electric nutrunner is a tool used to install and remove threaded fasteners, such as nuts and bolts. It consists of a hand-held motor unit with an attached socket wrench that can be fitted with various interchangeable attachments, such as a hex bit or Phillips head screwdriver. The motor unit is powered by an electrical cord that plugs into a standard wall outlet. Corded electric nutrunners are important tools for both home and professional use because they provide leverage and torque that can help users easily install or remove threaded fasteners.
Handheld Type:
Handheld types are small power tools that are portable and can be used by one person to perform multiple tasks. The most common examples of handheld tools include drills, drivers, wrenches, screwdrivers, grinders and others. These products have gained significant popularity in the construction industry owing to their ability to help workers perform various operations faster with less human assistance.
Fixtured Type:
Fixtured type is used in electric nutrunners market for the purpose of removing the nuts and bolts from their respective holes. It’s a manual process that requires two hands, a steady posture, and good eyesight. The process is done by using special pliers-like device known as calipers which are designed specifically to hold onto small diameter fasteners such as bolts or nuts while tightening them with an electric drill motor or screw driver.
Application Insights:
The automotive application segment led the global corded electric nutrunners market in 2017. This is attributed to the increasing demand for electric vehicles, which is expected to increase product demand over the forecast period. The machinery manufacturing sector was valued at USD 585.0 million in 2017 owing to an increased use of electrical equipment for industrial purposes such as metal cutting machines and drilling machines among others.
The other applications include construction industry and electronics industry among others who require precise measurement and tight tolerance nuts/bolts/screws are likely to drive product demand over the forecast period. In addition, a growing number of FMCG companies across developing countries including India, China and Brazil has resulted in increased consumption of electrical equipment including food processing machinery that requires precision measuring devices thus driving overall market growth over recent years (2016-2017).
Regional Analysis:
Asia Pacific corded electric nutrunner market is anticipated to witness significant growth over the forecast period. The growth can be attributed to increasing demand for industrial machinery in emerging economies, such as China and India. Growing investments by companies in these countries are expected to boost product demand further. For instance, In January 2017, Siemens Gamesa Renewable Energy announced the completion of a USD X million wind farm project in Andhra Pradesh state of India with an installed capacity of 360 MW which will be utilized for providing power across southern India.
Growth Factors:
- Increasing demand for electric nutrunners in the automotive and aerospace industries due to the growing need for high-performance tightening tools.
- Rising demand from construction and infrastructure sectors owing to the increasing spending on infrastructure development projects worldwide.
- Growing popularity of corded electric nutrunners among DIY enthusiasts and home improvement professionals due to their ease of use and portability.
- Increasing adoption of corded electric nutrunners in small-scale workshops owing to their low cost of ownership as compared to pneumatic nutrunners.
- Technological advancements that have led to the development of more powerful and durable corded electric nutrunners, making them a preferred choice over pneumatic counterparts
Scope Of The Report
Report Attributes
Report Details
Report Title
Corded Electric Nutrunners Market Research Report
By Type
Handheld Type, Fixtured Type
By Application
Automotive, Machinery Manufacturing, Others
By Companies
Atlas Copco, ESTIC Corporation, Apex Tool Group, STANLEY Engineered Fastening, Ingersoll Rand, Tone, AIMCO, Desoutter Industrial Tools
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Corded Electric Nutrunners Market Report Segments:
The global Corded Electric Nutrunners market is segmented on the basis of:
Types
Handheld Type, Fixtured Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Machinery Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atlas Copco
- ESTIC Corporation
- Apex Tool Group
- STANLEY Engineered Fastening
- Ingersoll Rand
- Tone
- AIMCO
- Desoutter Industrial Tools
Highlights of The Corded Electric Nutrunners Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld Type
- Fixtured Type
- By Application:
- Automotive
- Machinery Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corded Electric Nutrunners Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Corded electric nutrunners are tools that use an electric motor to spin a blade to cut nuts or bolts. They are popular for tasks like tightening screws on cabinets or appliances, removing nails from wood, and cutting wire mesh.
Some of the key players operating in the corded electric nutrunners market are Atlas Copco, ESTIC Corporation, Apex Tool Group, STANLEY Engineered Fastening, Ingersoll Rand, Tone, AIMCO, Desoutter Industrial Tools.
The corded electric nutrunners market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Corded Electric Nutrunners Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Corded Electric Nutrunners Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Corded Electric Nutrunners Market - Supply Chain
4.5. Global Corded Electric Nutrunners Market Forecast
4.5.1. Corded Electric Nutrunners Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Corded Electric Nutrunners Market Size (000 Units) and Y-o-Y Growth
4.5.3. Corded Electric Nutrunners Market Absolute $ Opportunity
5. Global Corded Electric Nutrunners Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Corded Electric Nutrunners Market Size and Volume Forecast by Type
5.3.1. Handheld Type
5.3.2. Fixtured Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Corded Electric Nutrunners Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Corded Electric Nutrunners Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Machinery Manufacturing
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Corded Electric Nutrunners Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Corded Electric Nutrunners Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Corded Electric Nutrunners Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Corded Electric Nutrunners Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Corded Electric Nutrunners Demand Share Forecast, 2019-2026
9. North America Corded Electric Nutrunners Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Corded Electric Nutrunners Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Corded Electric Nutrunners Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Machinery Manufacturing
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Corded Electric Nutrunners Market Size and Volume Forecast by Type
9.7.1. Handheld Type
9.7.2. Fixtured Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Corded Electric Nutrunners Demand Share Forecast, 2019-2026
10. Latin America Corded Electric Nutrunners Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Corded Electric Nutrunners Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Corded Electric Nutrunners Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Machinery Manufacturing
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Corded Electric Nutrunners Market Size and Volume Forecast by Type
10.7.1. Handheld Type
10.7.2. Fixtured Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Corded Electric Nutrunners Demand Share Forecast, 2019-2026
11. Europe Corded Electric Nutrunners Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Corded Electric Nutrunners Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Corded Electric Nutrunners Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Machinery Manufacturing
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Corded Electric Nutrunners Market Size and Volume Forecast by Type
11.7.1. Handheld Type
11.7.2. Fixtured Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Corded Electric Nutrunners Demand Share, 2019-2026
12. Asia Pacific Corded Electric Nutrunners Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Corded Electric Nutrunners Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Corded Electric Nutrunners Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Machinery Manufacturing
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Corded Electric Nutrunners Market Size and Volume Forecast by Type
12.7.1. Handheld Type
12.7.2. Fixtured Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Corded Electric Nutrunners Demand Share, 2019-2026
13. Middle East & Africa Corded Electric Nutrunners Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Corded Electric Nutrunners Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Corded Electric Nutrunners Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Machinery Manufacturing
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Corded Electric Nutrunners Market Size and Volume Forecast by Type
13.7.1. Handheld Type
13.7.2. Fixtured Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Corded Electric Nutrunners Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Corded Electric Nutrunners Market: Market Share Analysis
14.2. Corded Electric Nutrunners Distributors and Customers
14.3. Corded Electric Nutrunners Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Atlas Copco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ESTIC Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Apex Tool Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. STANLEY Engineered Fastening
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ingersoll Rand
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tone
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AIMCO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Desoutter Industrial Tools
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
